Gentoo is a great distro for a server, if you want to really customise it. The down side is you will be doing a lot of work to get it setup and if you are not familiar with an install it can take a while to learn.
Ubuntu Server would be a good choice as well, if you prefer .deb based applications. I would go with the minimal CD and build it up from there, sticking with only what you need for the server to do it's job.
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